Portfolio report - Mangaung.co.za
Portfolio report - Mangaung.co.za
Portfolio report - Mangaung.co.za
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FS000 <strong>Mangaung</strong> - Supporting Table SC2 Monthly Budget Statement - performance indicators - M10 April<br />
2011/12 Budget Year 2012/13<br />
Description of financial indicator<br />
Basis of calculation<br />
Audited Original Adjusted<br />
YearTD actual<br />
Out<strong>co</strong>me Budget Budget<br />
Full Year<br />
Forecast<br />
Borrowing Management<br />
Capital Charges to Operating Expenditure Interest & principal paid/Operating Expenditure 1.5% 6.4% 10.4% 8.7% 4.4%<br />
Borrowed funding of 'own' capital expenditure Borrowings/Capital expenditure excl. transfers and<br />
13.7% 14.0% 10.6% 7.7% 10.6%<br />
Safety of Capital<br />
Debt to Equity<br />
grants<br />
Loans, Ac<strong>co</strong>unts Payable, Overdraft & Tax Provision/ 12.6% 24.6% 10.4% 17.6% 10.4%<br />
Gearing Funds Long Term & Reserves Borrowing/ Funds & Reserves 2.1% 17.0% 4.5% 12.4% 4.5%<br />
Liquidity<br />
Current Ratio Current assets/current liabilities 86.0% 101.7% 119.1% 118.7% 119.1%<br />
Liquidity Ratio Monetary Assets/Current Liabilities 25.5% 36.7% 40.7% 47.9% 40.7%<br />
Revenue Management<br />
Annual Debtors Collection Rate<br />
Last 12 Mths Receipts/ Last 12 Mths Billing 92.5% 95.0% 92.3% 92.5%<br />
(Payment Level %)<br />
Outstanding Debtors to Revenue Total Outstanding Debtors to Annual Revenue 20.6% 11.5% 16.1% 34.4% 16.1%<br />
Longstanding Debtors Re<strong>co</strong>vered Debtors > 12 Mths Re<strong>co</strong>vered/Total Debtors ><br />
12 Months Old<br />
0.0% 0.0% 0.0% 0.0% 0.0%<br />
Creditors Management<br />
Creditors System Efficiency % of Creditors Paid Within Terms (within MFMA s 65(e)) 95.0% 95.0% 97.5% 95.0%<br />
Funding of Provisions<br />
Percentage Of Provisions Not Funded<br />
Unfunded Provisions/Total Provisions<br />
Other Indicators<br />
Electricity Distribution Losses<br />
Water Distribution Losses<br />
% Volume (units purchased and generated less units<br />
sold)/units purchased and generated<br />
% Volume (units purchased and own source less units<br />
sold)/Total units purchased and own source<br />
18.0% N/A N/A 18.0%<br />
32.0% 32.0% 36.8% 32.0%<br />
Employee <strong>co</strong>sts Employee <strong>co</strong>sts/Total Revenue - capital revenue 23.2% 21.9% 20.9% 23.1% 20.9%<br />
Repairs & Maintenance R&M/Total Revenue - capital revenue 0.0% 5.5% 5.5% 2.6% 4.9%<br />
Interest & Depreciation I&D/Total Revenue - capital revenue 13.4% 6.1% 10.3% 6.7% 4.3%<br />
IDP regulation financial viability indicators<br />
i. Debt <strong>co</strong>verage (Total Operating Revenue - Operating Grants)/Debt<br />
service payments due within financial year)<br />
ii. O/S Service Debtors to Revenue<br />
iii. Cost <strong>co</strong>verage<br />
Total outstanding service debtors/annual revenue<br />
received for services<br />
(Available cash + Investments)/monthly fixed operational<br />
expenditure<br />
52.3% 0.0% 5032.9% 52.3%<br />
17.1% 65.0% 74.1% 17.1%<br />
1.2 1.1 2.6 1.2<br />
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